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Price Action System/Indicator

  • #101
  • Nov 4, 2017 3:46pm Nov 4, 2017 3:46pm
Quoting Erebus
WOW, too late for this, imagine taking that signal {image}
It was a great signal. I'm compiling some of the signals from last week. Watch out for it!
Never stop investing. Never stop improving. Never stop doing something new
  • #102
  • Nov 6, 2017 10:43am Nov 6, 2017 10:43am
Hey guys,

I wanted to give you a quick update on the EUR/USD trade I took in post 73. The main signal came from the OGT price action indicator for a bearish engulfing pattern.

I thought I would give you a break from my voice and post an image instead. Looking at the chart below it looks like I am still in good shape.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Trade 061117.png Size: 52 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #103
  • Nov 8, 2017 8:40am Nov 8, 2017 8:40am
Hey guys, I wanted to share with you a quick video of me drawing a support & resistance line in the past (end of July 2017) and watching what happens to price when it reached these areas in the future.

I was especially looking for the OGT indicator to give a signal on these zones. I was amazed on how support and resistance lines created from past price levels hold in the future.

Hope you enjoy.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #104
  • Nov 8, 2017 9:40am Nov 8, 2017 9:40am
Thank you Erebus !

Hello
I also trade the pin bars.
My rules are:
1- Find a pin bar whose body = 10% - (20% max) of the candle
2-That this pin bar is in a zone 70-30 (or 80-20 best) of the RSI 14
3-I open on 50% retracement of the pine bar ... in general


The signals are rare, but the ratio is very excellent and very often winner (with charts TF > 1H)

I'm trying to find an indicator to make my job easier.
I found pin bar, but no RSI filter.
Do you know if this exists?
Thank you very much

(exemple today)

  1. Attached Image (click to enlarge)
    Click to Enlarge Name: AudUsd.jpg Size: 101 KB

  • #105
  • Nov 8, 2017 6:41pm Nov 8, 2017 6:41pm
To be going on something seems!
Attached Image (click to enlarge)
Click to Enlarge Name: reprint.png Size: 11 KB
Attached Image
Learn, a forex trader must, unlearn and relearn he will.
  • #106
  • Nov 9, 2017 6:32am Nov 9, 2017 6:32am
Quoting fleurdelys
Thank you Erebus ! Hello I also trade the pin bars. My rules are: 1- Find a pin bar whose body = 10% - (20% max) of the candle 2-That this pin bar is in a zone 70-30 (or 80-20 best) of the RSI 14 3-I open on 50% retracement of the pine bar ... in general The signals are rare, but the ratio is very excellent and very often winner (with charts TF > 1H) I'm trying to find an indicator to make my job easier. I found pin bar, but no RSI filter. Do you know if this exists? Thank you very much (exemple today) {image}
I can look to incorporate an RSI filter in future versions for you.
Never stop investing. Never stop improving. Never stop doing something new
  • #107
  • Nov 9, 2017 2:25pm Nov 9, 2017 2:25pm
Quoting zoheb01
Hey guys, I wanted to share with you a quick video of me drawing a support & resistance line in the past (end of July 2017) and watching what happens to price when it reached these areas in the future. I was especially looking for the OGT indicator to give a signal on these zones. I was amazed on how support and resistance lines created from past price levels hold in the future. Hope you enjoy. https://www.youtube.com/watch?v=m7dR667bXxw
thanks keep posting this vid is fantastic you are a very good teacher.

Cheers Paul
  • #108
  • Nov 9, 2017 4:47pm Nov 9, 2017 4:47pm
Quoting zoheb01
{quote} I can look to incorporate an RSI filter in future versions for you.
Hey do you know why the dots are occurring on the indicator?
Learn, a forex trader must, unlearn and relearn he will.
  • #109
  • Nov 9, 2017 8:03pm Nov 9, 2017 8:03pm
Quoting zoheb01
{quote} It was a great signal. I'm compiling some of the signals from last week. Watch out for it!
The USDJPY of Nov. 6 on daily starting to look like a winner
It takes a lot for me to IGNORE you, but you can try.
  • #110
  • Nov 10, 2017 8:12am Nov 10, 2017 8:12am
@zoheb01
Oh thank you very much! I have excellent results with this filter, with a super ratio.
  • #111
  • Nov 10, 2017 4:12pm Nov 10, 2017 4:12pm
Quoting paul72
{quote} thanks keep posting this vid is fantastic you are a very good teacher. Cheers Paul
Thanks Paul, really appreciate the kind words!
Never stop investing. Never stop improving. Never stop doing something new
  • #112
  • Nov 10, 2017 4:13pm Nov 10, 2017 4:13pm
Quoting COGSx86
{quote} Hey do you know why the dots are occurring on the indicator?
I'm not sure if I'm honest mate. Maybe worth re-installing the indicator. If anyone else is having this issue please let me know.
Never stop investing. Never stop improving. Never stop doing something new
  • #113
  • Nov 10, 2017 4:15pm Nov 10, 2017 4:15pm
Quoting Erebus
{quote} The USDJPY of Nov. 6 on daily starting to look like a winner
Love it. Wish I was in it!
Never stop investing. Never stop improving. Never stop doing something new
  • #114
  • Nov 10, 2017 4:16pm Nov 10, 2017 4:16pm
Quoting fleurdelys
@zoheb01 Oh thank you very much! I have excellent results with this filter, with a super ratio.
My pleasure! Its I'm glad I am adding value to your trading
Never stop investing. Never stop improving. Never stop doing something new
  • #115
  • Nov 15, 2017 3:37am Nov 15, 2017 3:37am
Hey guys,

I have been looking into v1.3 and would like you feedback on what you want to see in the next version. Currently I have:

 

  1. Change the dot position of the engulfing bar so you can see the top/bottom wick
  2. Bullish/Beaish big belt (Marubozu candle pattern) from Naked Forex book
  3. Use an RSI filter to show patterns that only print on extreme OB/OS zones

Let me know your thoughts

Never stop investing. Never stop improving. Never stop doing something new
  • #116
  • Nov 15, 2017 3:55am Nov 15, 2017 3:55am
@zoheb01

Good morning,

Thank you. Already a lot!
Is it possible, for example, to filter only extreme (large) PinBar? For example by comparing it to average volatility?
I do not know if you understand me? lol my language is very poor
  • #117
  • Nov 16, 2017 10:47am Nov 16, 2017 10:47am
Hi Zoheb
I would like to have an IB indicator where you could choose how many IBs to look for before a signal shows up. Maybe a size filter on the mother candle also.
I like what Cubbygood looks at for IBs where he waits for a new high/low then an IB. as a counter trade.

Just thinking , what do you think?
  • #118
  • Nov 16, 2017 5:27pm Nov 16, 2017 5:27pm
Quoting fleurdelys
@zoheb01 Good morning, Thank you. Already a lot! Is it possible, for example, to filter only extreme (large) PinBar? For example by comparing it to average volatility? I do not know if you understand me? lol my language is very poor
Thanks for the feedback. I understand what you are saying. The larger than previous x candles setting can filter out most of these for you. Does that help i anyway?
Never stop investing. Never stop improving. Never stop doing something new
  • #119
  • Nov 16, 2017 5:28pm Nov 16, 2017 5:28pm
Quoting cfudge
Hi Zoheb I would like to have an IB indicator where you could choose how many IBs to look for before a signal shows up. Maybe a size filter on the mother candle also. I like what Cubbygood looks at for IBs where he waits for a new high/low then an IB. as a counter trade. Just thinking , what do you think?
Thanks cfudge! Not a bad shout. I will look into IBs and come up with a solution before sending it to the coder.
Never stop investing. Never stop improving. Never stop doing something new
  • #120
  • Nov 17, 2017 4:41am Nov 17, 2017 4:41am
I've been getting a lot of requests to show more examples of the engulfing pattern using the OGT price action indicator.

The video below shows the rules coded, the settings I use and how to enter.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
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